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Holyrood budget: A ‘worst case scenario’?
By Douglas FraserBusiness and economy editor, Scotland Reuters Jeremy Hunt announced his Autumn Budget on Wednesday The Autumn Statement at Westminster brought “support for households and businesses”, according to the Scottish Conservatives’ Liz Smith. There were big cuts in employee National Insurance contributions across the UK, and a lot of measures to encourage business…
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L&T Finance gets $125 million loan from Asian Development Bank to support farmers, women borrowers
L&T Finance has signed a financing pact with Asian Development Bank (ADB) for $125 million to support financing in rural and peri-urban areas in India particularly for women borrowers. The financial support consists of a loan amounting to a maximum of $125 million provided by ADB, along with a commitment to coordinate an additional $125…
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Germany to suspend borrowing limits for fourth year after debt brake ruling
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Research shows that grandparents are great personal finance teachers. Here’s what my poppa who became an accountant during the Great Depression tried to teach me about money
Poppa once took me to a deli for dinner. I was a boy of about 10. We went to the cash register to pay, only for him to find he lacked exact change. “I’ll owe you the nickel,” he told the cashier, who refused the offer. My grandfather fished out a dollar bill and collected…
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If a personal finance expert does this, change the channel
I feel an obligation to come up with something for readers to mark Financial Literacy Month, even if it’s hard to find a more ineffectual phrase in the world of money than financial literacy.Admit it – if we headline a personal finance article with that term, you won’t read it. I don’t blame you –…
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Asset finance community unites for the Simply Cup to raise important funds for Cancer Research UK
The asset finance industry has always been a community that unites on the real issues and provides support when it really matters… and none more so than the Simply Cup, the charity football tournament raising money for Cancer Research UK. Simply Asset Finance felt compelled to bring the Simply Cup football tournament back on 11th…
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Understand the Transition Spectrum with the Shades of Green
S&P Global Ratings provides independent, transparent opinions on a company’s financing or framework, grounded in its award-winning Shades of Green approach, which assess the extent of contribution to a sustainable future. Despite stagnating global bond issuance, S&P Global Ratings’ research anticipates that GSSSB (green, social, sustainable, and sustainability-linked bonds) issuance should be in line with…
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L&T Finance To Trim Bank Borrowing To Whittle Spike In Cost Of Funds
Its unsecured consumer loans account for about Rs 6,500 crore, or 8% of the total loan portfolio, Dubhashi said, adding that all of this is above the Rs 50,000 ticket size. Retail loan book rose 33% to Rs 69,417 crore from Rs 52,040 crore in the September quarter.
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WFW advises Banco BPM on SkyAlps fleet purchase financing
Watson Farley & Williams (“WFW”) has advised Banco BPM S.p.A. (“Banco BPM”), as lender, agent, arranger and hedging bank on a €25m loan granted to Italian airline SkyAlps S.r.l. (“SkyAlps”) to finance the purchase and line-up of eight turboprop aircraft.The loan was structured in three tranches. The first tranche will be used to partially finance…
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World Bank’s Push for Forest Carbon Credit and Climate Finance
The newly appointed President of the World Bank, Ajay Banga, unveiled plans to launch a mechanism for certifying forest carbon credits in the coming months. His mission is to revolutionize the bank’s operations while enhancing the credibility and transparency of voluntary carbon markets.Banga emphasized the urgent need to redirect resources from affluent nations to less…